BOC among top 1000 banks in the world once again

“The Banker” U.K Magazine revealed The Bank of Ceylon as the No. 1 Bank in Sri Lanka among the World’s Top 1000 Banks in its July 2016 issue. 

Citi proud to partner Lankan govt. in US$ 1.5 bn dual-tranche int’l sovereign offering

Citi achieved yet another milestone on 11th July by partnering with the Central Bank of Sri Lanka on behalf of the Sri Lankan Government to successfully raise US $ 1.5 billion in a dual-tranche 5.5- and 10-year bond offering.  

As engines of growth, cities need to be made more resilient to natural hazards

Today more people live in cities than in the countryside worldwide. We look to our cities for economic opportunities and for all things bigger, better and newer. To quote United Nations secretary-general Ban Ki-Moon, “Urbanisation is a driving force as well as a source of development. It has the power to change and improve the lives.” Yet, cities will only remain engines of growth if they are made far more resilient to the growing thr

UltraTech Cement Lanka Dealer Awards

The dealer performance award ceremony of UltraTech Cement Lanka (Pvt) Ltd was held on 16th July at Taj Samudra Hotel, to reward 87 dealers island wide. The event was attended by Chief Guest, Kiran Redkar (CEO of UltraTech Cement Lanka) along with Sanjay Gadkari (Head of Marketing of UltraTech Cement Lanka)  

Economic Summit to discuss why Sri Lanka lags in agribusiness

The Sri Lanka Economic Summit 2016’ organized by the Ceylon Chamber of Commerce has allocated ‘Session 6’ of the two-day event to discuss why the country’s agriculture sector despite the vast promise is still punching below  its weight.

World of Outdoor opens flagship gallery in Kandy

World of Outdoor and Light & Shade have launched their flagship gallery, a combined concept store in Peradeniya Road, Mulgampola. 

Sampath Bank gains double int’l recognition at Euromoney Awards

Trail-blazing through the banking industry of Sri Lanka, Sampath Bank was recently bestowed with two prestigious international awards for its proficiencies in a wide array of facets within the banking industry of Sri Lanka. 

‘Basmati Yummy Rice’ offers healthy food option

N-Joy Healthy Food recently launched a new product, N-Joy Yummy Rice, that is a healthier alternative to fast foods.  N-Joy Yummy Rice is rich in energy and is also made up of protein rich soy, vitamin rich carrots and leeks as well as nourishing green peas and sultanas making it a healthy, quick and easy hunger fix. CW Mcakie PLC Group has been involved in the export of natural rubber, coconut products and Sri Lankan spices since its incept

HNB Grameen introduces ATM cards

HNB Grameen recently announced the launch of proprietary ATM cards which is yet another initiative in leveraging on the synergies created by being a part of the HNB Group.  

Sri Lanka Insurance flag flies high at MDRT

The Sri Lanka Insurance flag was flown high in the international arena once again when 42 of its top Life Insurance sales achievers qualified for the elite Million Dollar Round Table (MDRT) Annual Conference 2016 held from June 12 – 15 in Vancouver, Canada. This is the biggest contingent to represent SLIC at this leading finance industry event. 

‘EPIC e-Wallet’ makes Bank of Maldives first to revolutionize banking within the region

The Maldives premier bank, Bank of Maldives (BML) becomes the first in the region to revolutionise the banking industry with its ‘BML Mobile Pay’ solution designed, developed and implemented by Epic Lanka.  

Rupee falls on importer dollar demand; stocks up

REUTERS: The Sri Lankan rupee fell yesterday due to dollar demand from importers, even as a top Central Bank official said proceeds from a sovereign bond issue, which dealers say would lift the local currency, have flowed in.

COCA-COLA GOES FOR GOLD IN RIO 2016 OLYMPIC GAMES WITH GLOBAL #THATSGOLD CAMPAIGN

As the clock ticks down to the Opening Ceremony of the Rio 2016 Olympic Games, Coca-Cola has its eyes set on celebrating gold

The dangers of riding and talking on your smartphone

The Samsung Galaxy J3 featuring the S bike mode, is a revolutionary industry-first feature for two-wheeler riders that is

Land Rover launch esextended warranty offer to customers

SML Frontier Automotive, the sole authorised distributor of Land Rover in Sri Lanka, offers customers who have maintained

DFCC Bank launches ‘Vardhana Salary Booster’

DFCC Bank has launched the‘Vardhana Salary Booster’product, which is specially designed for professionals across the country.

China’s Hainan frontrunner for SriLankan: sources

On a quest to find a strategic investor to help revive the loss-making national carrier, it is learnt that the government is close to finding a prospective partner to manage SriLankan Airlines. Informed 

GSP Plus benefits hang in balance as SL reaches upper middle income status

The government expressed uncertainty as to how long the country would be able to enjoy the concessions under the GSP Plus had the facility was re-granted by the European Union (EU) – a 

Heyleys buys resort hotel in Maldives for US $ 23mn

Hayleys PLC has extended its leisure sector operations to the Maldives with the purchase of the Kudarah Island Resort for US$ 23 million last week. The resort situated in the South Ari Atoll, 

Daya Group appoints 3 directors to BLUE board

Following the acquisition of a significant portion of shares in the beleaguered Blue Diamonds Jewellery 

SL’s unemployment declines in 1Q16

Sri Lanka’s unemployment rate narrowed to 4.2 percent in the first quarter of 2016 (1Q16), compared to 4.7 percent year-on-year (yoy), and 4.4 percent in the fourth quarter of 2015 (4Q15). This was the 

CB pushes for plastic cards in place of hard cash

In a quest to build a cashless society, the Central Bank of Sri Lanka has asked the people to shift from using cash and coins into payment cards for all transactions, though the payment infrastructure 

Top strategy specialists to share insights on brand strategy and brand valuation

Two globally-renowned strategy specialists, Martin Roll and Sam Dias are set to take Colombo by storm at next week’s Strategy Summit organized by the Institute of Chartered Accountants of Sri 

Newly appointed Sasakawa Cultural Centre Board of Trustees

Seated from left: Sam Chandrasena (Secretary), Sumana D. Liyanage (Asst. Secretary / Asst. Treasurer), Dayasiri Warnakulasooriya (Trustee), Lal De Alwis (Chairman), Madam Akiko Suganuma, 

Pathfinder and Shanghai Institute hold second symposium

The Second Symposium on the Maritime Silk Road and China-Sri Lanka Relations was held in Shanghai, China from 11th-13 July. The Chinese Embassy in Colombo made the logistical 

Charles Tilley steps down as CIMA CEO

Following the overwhelming support of CIMA members last month to establish the world’s largest and 

Tourist arrival targets continue to confuse tourism administration

??By Chandeepa Wettasinghe Doubts are beginning to appear within the tourism administration regarding the ability to achieve the 2.2 million tourist arrival target for 2016, as witnessed at the press 

Union Assurance relocates Nikaweratiya regional office

Union Assurance (UA) relocated its Nikaweratiya regional office recently to provide better services to residents in the area.

AMW offers authentic Yamaha experience at new workshop in Ratmalana

Brought together by the common goal of providing outstanding customer experiences, AMW’s family 

Ogilvy PR sharpens skills with ‘Red Arrow’ training

Daniel Ch’ng, Global Chief Learning Officer for Ogilvy Public Relations was recently in Sri Lanka to conduct ‘Red Arrow’, a one of a kind training session for the local team, which focused on becoming